In 2015, Bobbie Oskarson of Longmont Colorado visited the Crater of Diamonds State Park in Murfreesboro, Arkansas. For an $8 fee, visitors are allowed to dig for diamonds in the “Pig Pen,” a 37-acre field which gets its name from the all the mud created after a rainfall. She and her boyfriend visited the park on a whim. It was a hot and sunny day, and within twenty minutes of her arrival, Oskarson was in search of some shade. There, she saw something glistening and thought at first that it was a quartz crystal. Instead, she found a large rough diamond weighing 8.52 carats. It is the fifth largest diamond ever discovered in the park since its opening in 1972. Oskarson named her find “Esperanza” after her niece. It is no coincidence the name is Spanish for hope!
In the next year, the diamond rough was cut into a 147 facet tear drop-shape triolette by Master Diamond Cutter Mike Botha of Canada’s Embee Diamonds on site in Arkansas. Botha is one of the foremost authorities of diamond design, cutting, and polishing in North America, and was the clear choice for Esperanza. He spent 130 hours cutting and polishing the rough into the 4.62 carats, D color, Internally Flawless stone. It was then set by jeweler Ian Douglas in a mount intended to emphasize its unique shape, as one end of the diamond is wider than the other.